This report provides exclusive insights into the COVID-19 impact on the Asthma Spacers Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Asthma Spacers Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Asthma Spacers Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on asthma spacers market provides an in-depth analysis of segments and sub-segments in the global as well as regional asthma spacers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional asthma spacers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global asthma spacers market. According to the report, the global asthma spacers market is projected to grow at a CAGR of 3.5% over the forecast period of 2018-2024.
Asthma spacer is a medical device used to increase the ease of administering aerosolized medication from a metered-dose inhaler (MDIs). They are also called as volume spacers. Asthma spacers are used by the person who is not able to breathe deeply while using an inhaler. The spacers help a person in coordinating several actions while using an inhaler. Various types of spacers available for people with specific needs. A large-volume spacer is useful for people who need to take their medication dose more slowly, over the space of five or six breaths.
The asthma spacer is usually made up of plastic and shaped like a tube. Asthma spacers are used by all children and adults for taking a corticosteroid preventer medication. Additionally, it is also by anyone taking a reliever medication. Spacers reduce the risk associated with the side effects of taking high doses of preventer medicine.
According to the world health organization, 235 million people suffer from asthma worldwide. Asthma is one of the common chronic breathing diseases. This disease is characterized by wheezing, coughing, chest tightness and shortness of breath. Asthma starts from childhood but can be pick up in all age of groups. The major factor such as the growing prevalence of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), obstructive lung disorders over the globe is boosting the market of asthma spacers market. Metered dose inhalers (MDI), nebulizers, dry powder inhalers, and drug delivery device are widely used for the management of asthma. Now a day’s metered-dose inhaler with a spacer is an effective method of managing asthma. Going further leading manufacturers are focusing on the development of technologically advanced spacer devices that can bring new opportunities to the asthma spacers market.
Among the geographic, North America is accounted to be the largest share in the global asthma spacers market followed by Europe. The factors responsible for the growth of the market in this region are the rising prevalence of asthma diseases coupled with the adoption of asthma spacers and high expenditure in the healthcare sector. Europe is expected to witness substantial growth in the asthma spacers market during the forecast period. Rising awareness regarding the use of asthma spacers with metered dose inhalers is expected to create decent demand for the asthma spacers in the Europe region during the forecast period. The Asia-Pacific region is anticipated to grow with the highest CAGR in asthma spacers market owing to a large number of asthmatic population.
The report on global asthma spacers market covers segments such as product type and distribution channel. On the basis of product type, the global asthma spacers market is categorized into volumatic, aerochamber, inspirease, and optichamber. On the basis of the distribution channel, the global asthma spacers market is categorized into hospital pharmacy, e-commerce, and retail pharmacy.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-Pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the asthma spacers market. As a result, the APAC region is projected to experience growth at a CAGR of x.x% over the forecast period 2018-2024.
The report provides profiles of the companies in the global asthma spacers market such as Trudell Medical International, GlaxoSmithKline Plc. , CONMED Corporation, PARI Respiratory Equipment, Inc., Koninklijke Philips N.V., Medical Developments International, AstraZeneca, and Merck & Co., Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global asthma spacers market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of asthma spacers market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the asthma spacers market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the asthma spacers market to understand the present and future trends in this market and formulate their strategies accordingly.